electronic transfers
Money sent digitally
Electronic transfers are movements of money between accounts conducted digitally rather than through physical exchange of cash or checks.
The term covers wire transfers, direct deposits, and online payments.
The company pays all employees by electronic transfer.
Most modern banking relies on electronic transfers for everything from payroll to bill payment.
- direct depositFunds sent to account automatically
- mobile paymentPurchase via smartphone
- digital walletVirtual payment storage
- contactless paymentPurchase via near-field technology
- remittanceFunds sent elsewhere
sending money · peer to peer · payment gateway · two-factor authentication · online banking · SWIFT · biometric verification · fraud protection · tokenization · PayPal · file sharing · network protocol · bank account · routing number · Venmo · encrypted messaging · cryptocurrency · blockchain
electronic transferscash
Ready spending funds
paper money · coins · hard currency · banknotes · specie
electronic transferschecks
Bank payment documents
postal money orders · money orders · cashier's checks · bank drafts · certified checks
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